Pricing Actuary, Reinsurance

Job Summary

SompoRe seeks a Pricing Actuary for its Singapore reinsurance office to price treaty reinsurance business across multiple lines, collaborating closely with underwriting teams to support decision-making and ensure accurate, risk-reflective pricing.

Responsibilities

• Price Property, Casualty, and Specialty reinsurance treaties in the APAC region.
• Collaborate with our underwriters to analyze exposure and market dynamics for informed pricing decisions.
• Communicate key pricing factors clearly during underwriting roundtable discussions.
• Prepare comprehensive pricing documentation adhering to industry best practices and internal standards.
• Calibrate actuarial model assumptions and parameters, such as trends, rate changes, and exposure curves, to reflect current market conditions.
• Support internal audits, validation, and review processes as needed.
• Guide interns on reinsurance fundamentals and pricing methodologies to build team capability.
• Execute ad hoc projects as assigned to address emerging business needs.

Required competencies and certifications

• Strong mathematical or statistical background: Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related fields.
• Fellow or Associate status with a recognized actuarial society, or actively progressing toward it.
• Minimum of 3 years experience in APAC reinsurance pricing.

Preferred competencies and qualifications

• Strong verbal and written communication skills, ability to translate technical concepts into accessible language and willingness to engage constructively with other teams.
• Demonstrated sound professional judgment and high attention to detail with a proactive approach to continuous improvement.
• High proficiency in Microsoft Excel. Programming skills is an advantage.
• Effective workflow management and ability to meet deadlines consistently.

Other Information

SompoRe is the global reinsurance division of Sompo, a leading property and casualty insurance group in Japan. As a leading global provider of reinsurance, we recognize that our success is derived directly from our people. At SompoRe, a shared commitment to integrity, teamwork, agility, execution and excellence define our culture, and we strive to create exceptional value for our clients and shareholders and maintain SompoRe as a desirable place to work.